To amend PROMESA to include certain ethics provisions to provide for the disqualification of certain advisors to the Financial Oversight and Management Board, and for other purposes.

Summary

This bill disqualifies certain third-party advisory or consulting firms with a potential conflict of interest from advising a Financial Oversight and Management Board. Such a board has been established for Puerto Rico. Specifically, a board must establish rules to disqualify any third-party advisory or consulting firm from advising the board for any period during which the firm has a client, or provides consulting services to, an individual, corporation, or other business entity that is competing for or performing a contract with the territorial government, the performance of which is within the board's jurisdiction.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 March 2023

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• Introduced in House (PDF)

  Introduced in House · EN · 22 March 2023

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• Introduced in House

  summary · EN · 22 March 2023

  Open at official source

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